Top 10 Things Wrong With Medicare

[Norwayguy]

They make some good points.....people that sign up for a Part D prescription plan are locked in for the whole year...yet the insurance company can change their formulary anytime throughout the year and the client can't do anything about it. Common sense tells you that's not right. If the client can't change than the insurance company shouldn't be able to make a change during that same time period to their formulary...give the insurance company a lock in period also

Aah but to CMS and the Insurance Carriers this is not a problem plus if the formulary changes you can blame your agent...Isn't that the normal catch all with CMS the agent must be at fault for not realizing that this carrier would change the formulary mid way through the year making another part d plan a more suitable alternative. I'm kidding obviously but do you think CMS and the Carriers think this is a problem I'm sure they like it just the way it is.

 

[midwestbroker]

CMS could care less...or at least the "knowledgeable" people at 1-800 MEDICARE

CMS will blame the carrier, the carrier will blame CMS, the agent will be caught in the middle.

I can see it now...the first 30 minutes of Part D and MA presentations will be disclaimers...

Your part D formulary can change at any time
Your MA plan can add or drop value added benefits at any time
You are locked in your plan unless you are confined to a nursing home etc. etc....
And so on...

Please sign this 852 page disclaimer I just reviewed with you and then we can begin in 48 hours.

 

[insurance0707]

Thanks for the belly laugh midwest broker.

 

[stormtracker]

I think there are more than 10 things wrong with Medicare. It'd be easier to list the things RIGHT with Medicare. Here they are:

 

[Hollywood Broker]

wow

 

[Frank Stastny]

Other than the two year waiting period when someone goes on SS disability just about all of the other things listed do not apply to traditional Medicare as we have known it. They all address either Medicare Part C or Part D. We never heard of any problems with Medicare Part C until the advent of PFFS plans.

Traditional Medicare health insurance coverage is the best deal out there when it comes to availability of obtaining quality, affordable health care. There are no other health insurance plans that provide a person the freedom and flexibility to choose their providers than traditional Medicare and a Medicare Supplement policy.

The title "Top 10 Things Wrong With Medicare" is too far reaching and was obviously worded that way for its impact. Otherwise, why didn't the author address the real problems, Part C PFFS plans and Part D, in the title?

I agree with everything said about Part C and D.

 

[JMO Fan]

Medicare pays for lots of things that no self-respecting insurer would ever pay. There is little incentive for efficiency or expense control. Once you're an approved provider, your business is gold.

Med supp does a great job of filling the gaps. That's the private sector at work.